Net interest income or NII is the main revenue head for banks and is the difference between interest earned on advances and the interest paid to depositors/funds raised from markets
The Reuters poll results also suggest that the RBI may hike repo rate to 6.50 per cent at the Monetary Policy Committee (MPC) meeting scheduled to be held one week after the Budget 2023
RBI’s move of revising the repo rate post Monetary Policy Committee (MPC’s) meeting was bound to have a ripple effect on the lending rates of banks like HDFC Bank, Bank of India and others.
Among the foreign lenders, Standard Chartered's country head Zarin Daruwala said the Reserve Bank of India's confidence in the Indian economy came through as it revised its H1FY24 growth estimate upwards to 7 per cent
The move, which comes a week after an increase by bigger rival HDFC by a similar quantum, entails that the minimum rate of interest will get revised to 8.65 per cent for the best-rated borrower
The rate hike is likely to affect those who have taken home loans as their EMIs are set to rise
As the repo rate increased again by 0.25 per cent, what can borrowers do to ease the brunt of higher equated monthly instalments? Read on to find more
RBI's monetary policy committee to have an off-cycle meeting after continuous failure in curbing inflation
The Knight Frank India report said that Mumbai, Bengaluru, and the National Capital Region (NCR) saw highest home sales in the third quarter of 2022.
Economists from SBI, UBS, Goldman Sachs, Barclays and Bank of Baroda in a rare unanimous call see the RBI-led monetary policy committee delivering a 50 bps...
LIC Housing Finance has released the latest interest rates on home loans, which has been increased by 50 basis points. The floating rate home loans are linked...
The Reserve Bank on Friday raised the key interest rate by 50 basis points to 5.40 per cent -- the third straight increase since May. With the latest hike, the...
Stating that there are signs that headline inflation, which has breached the 6 per cent upper threshold set for the RBI for six consecutive months, has peaked,...
The Reserve Bank of India increased the repo rate by 50 basis points, taking it above the pre-pandemic levels. Now, experts believe it could affect buyer...
The Reserve Bank has already raised the key policy rate by 90 basis points in May and June to 4.9 per cent to tame high inflation, mainly due to supply...
While retail inflation rose 7.04 per cent in May year-on-year, slightly down from a 95-month high of 7.79 per cent in April, wholesale or WPI inflation rose to...
The central bank, according to economists and reports, could go for an additional interest rate hike of up to 125 bps this fiscal, taking the overall increase...
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On the domestic equity market front, BSE Sensex was trading 145.13 points or 0.27 per cent lower at 52,701.57, while the broader NSE Nifty declined 85.30...
Congress leader Rahul Gandhi said the Reserve Bank of India (RBI) has raised the Repo rate by 0.50 per cent and it now stands at 4.90 per cent.
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The 30-share BSE benchmark dropped 214.85 points or 0.39 per cent to settle at 54,892.49. During the day, the benchmark hit a high of 55,423.97 and a low of...
The CEA said India is right now in a situation where the economy faces a considerable amount of challenges both from global macro monetary policies and...
The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das unanimously decided to raise the repo rate in view of the inflationary...
Although the government is pulling out all the stops to bring it under control, it is a given that prices are decided by the supply and the demand for goods...
The interest rate hike may be worrisome for existing and potential home and car loan borrowers as their interest rate and subsequent EMIs (Equated Monthly...
There are speculations that the central bank may go for at least a 35 basis points (bps) hike over and above the 40 bps hike effected last month after an...
